Kite Realty Group Trust (NYSE:KRG) Issues Earnings Results, Beats Estimates By $0.45 EPS

Kite Realty Group Trust (NYSE:KRG) announced its earnings results on Tuesday. The real estate investment trust reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.45, Zacks reports. Kite Realty Group Trust had a negative net margin of 1.18% and a negative return on equity of 0.28%. Kite Realty Group Trust updated its FY 2025 guidance to 2.020-2.080 EPS.

Kite Realty Group Trust Stock Up 2.0 %

Kite Realty Group Trust stock traded up $0.48 during midday trading on Tuesday, reaching $23.66. The company’s stock had a trading volume of 2,553,302 shares, compared to its average volume of 1,909,195. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.97. Kite Realty Group Trust has a fifty-two week low of $19.64 and a fifty-two week high of $28.24. The company has a market cap of $5.20 billion, a P/E ratio of -591.38, a P/E/G ratio of 3.63 and a beta of 1.27. The business has a 50-day simple moving average of $24.51 and a 200-day simple moving average of $25.49.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Jefferies Financial Group cut shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating and cut their target price for the company from $31.00 to $27.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. dropped their price target on shares of Kite Realty Group Trust from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. KeyCorp raised their price target on Kite Realty Group Trust from $28.00 to $31.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Wells Fargo & Company decreased their price target on Kite Realty Group Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Finally, Robert W. Baird raised their price objective on Kite Realty Group Trust from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $29.13.

Kite Realty Group Trust Company Profile

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust (REIT) headquartered in Indianapolis, IN that is one of the largest publicly traded owners and operators of open-air shopping centers and mixed-use assets. The Company’s primarily grocery-anchored portfolio is located in high-growth Sun Belt and select strategic gateway markets.